Eoin Treacy's view

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Colombia jumped out in my click through of international markets this morning for its steep short-term downtrend. The Index (P/E 14.55, DY 3.6%) has dropped down from its three-year range in nominal terms but even this performance was flattered by the almost 30% drop in the Colombian Peso since July. In absence of a clear upward dynamic with additional upside follow through, the current action represents Type-3 top formation completion. 


Please note: All data quoted above originates in Bloomberg. We realise that some of the data displayed is inaccurate for some indices, particularly where ADRs are included. However, I have endeavoured to remove the most problematic indices. We publish these tables because the data is generally accurate and going forward we will continue to weed-out the less reliable data sets as subscribers highlight them for us. The P/Es quoted by Bloomberg are exclusively based on operating earnings.)